WebMar 13, 2024 · 6F. (1) Every person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or authorised representative or film artist shall keep and maintain the books of account and other documents 84 specified in sub-rule (2) :. 85 [Provided that nothing in this sub-rule … WebThe provisions regulating compulsory maintenance of books of account are given below. 1. Persons carrying on “Specified Professions” [Section 44AA (1)] : For the purpose of section 44AA and Rule 6F legal, ‘specified professions’ includes …. medical, engineering, architectural, accountancy, technical consultancy, or interior decoration ...
Regarding Sec 44AA (2) of Income Tax Act 1961.
WebPrivate Limited Company. Professional Tax. Public Limited. SAC Codes. Small Business. Sole Proprietorship. Start Business – WM 2. start business – WM 3. Start Your Business – WM. WebMar 29, 2024 · The income received from the teaching profession or the activity of preparing content material is not covered under Section 44AA(1) of Income tax. Dilip Lakhani, Senior Chartered Accountant, answers queries from our readers. I stay with my family on rent in a 3 BHK flat. I plan to purchase a 2 BHK flat in the same city. razer mouse left click issue
Section 44AA: Who should Maintain Account Books for Income Tax - B…
WebNov 23, 2009 · defination of professionals under income tax act. Posts / Replies. Showing Replies 1 to 2 of 2 Records. 1 Dated: 24-11-2009 By:- Rama Krishana: Under section 44AA the meaning of professional is, "Every person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or … WebChapter 62: TAXATION OF INCOMES Section 1 Definitions; Section 2 Gross income, adjusted gross income and taxable income defined; classes; Section 3 Taxable income: … WebMar 25, 2024 · Section 44AA of the Income Tax Act, along with Rule 6F, mandates books of account for income tax. These books of accounts are the official document that establishes the earnings and spending of a business. This article deals with Section 44AA of the Income-tax Act, 1961. We will study in detail who must maintain the books of accounts … razer mouse is lagging